what is Bitcoin?

Bitcoin is cyptocurrency made by unknown person satoshi nakamoto when there is a market crash due to finacial instability in 2009.it is based on demand and supply if the demand of Bitcoin is more than the supply then the value of Bitcoin become higher and if the demand is less than the supply then the value of Bitcoin become less. 
WHO IS BITCOIN MINERS? 
Let's understand this with the help of an example  Tom is a person he went to a restaurant where Bitcoin is accepted and ate burger in the restaurant after eating he went to the bill counter his total bill came
is 6 Bitcoin he transfered the Bitcoin to the Bitcoin to the restaurant account of Bitcoin. Here the transfer of Bitcoin will have to protected because it is an open source of website here the Bitcoin miners transfered the Bitcoin from one account to another account for that they need powerful computer and also they have to solve some puzzles for that and for the reward they got some Bitcoin it depends upon the quantity of Bitcoin they transfered. 
CAN WE BECOME BITCOIN MINERS? 
First of all if you want to became Bitcoin miners then you have to noticed some of the points
If the Bitcoin you mine is less than your investment on mining than Bitcoin mining is not profitable for you but if it more than your investment than it is profitable for you. 
For how much time we have to invest on Bitcoin? 
Let's understand this also with the help of example  charle is a man who earns 20$ per day. He want to invest the money on Bitcoin and he invest all his monthly salary and buy some Bitcoin as we know that the value of Bitcoin goes up and down if luckily after charles investment if the value of Bitcoin become less then the charle will have to bear lot of problems and can also become poor. So from my opinion if you want to invest on Bitcoin then you have invest for long time not for short time. Also invest those money which if you can lost then also you  don't suffer from finacial instability.never invest your family saving in Bitcoin and it will be very painful for you. Some person thought that after investing on Bitcoin they become rich but it is only half true if you want to become then you have to do hardwork to become rich and sucessful in your life because value of Bitcoin go up and down. 

WHERE BITCOIN IS ACCEPTED? 
Bitcoin is accepted in telsa and some other European companies they don't only accept Bitcoin but also invest on that and makes profit. 
MAXIMUM NO OF BITCOIN . 
The maximum no of Bitcoin miners can mines is 21 million. On average these Bitcoin are introduced on market the Bitcoin supply at a fixed rate of one block every ten minutes. One of all Bitcoin introduced on market the miners will still be incentivized to process transactions with fees. 
Thought of successful person on Bitcoin
There is clash of decisions in people some people like warren buffett CEO of Berkshire Hathaway thought about Bitcoin that
  • Warren Buffett has repeatedly criticized Bitcoin and other cryptocurrencies as risky and worthless.
  • "I can say almost with certainty that they will come to a bad ending," the billionaire investor and Berkshire Hathaway CEO said.
  • On the other hand elon musk CEO of spaceX and telsa also invest on Bitcoin and
    According to Elon Musk 'Bitcoin is almost as much of a hoax as fiat money.' So Musk considers both Bitcoin and fiat money to be bullshit. I agree, I just think that Bitcoin, which is a digital fiat currency, is even more nonsense than the paper fiat currency issued by central banks.

Popular posts from this blog

THEORIES OF UNIVERSE

Image
There are many theories on the existence of universe and how the universe will end and some of them are- 1. Big bang theory- This theory propose that universe had created by a single hot dense point called singularity that blast and from there time come in his existence. It had happened 13.8 billion year ago and after that element of hydrogen from helium.   Today our universe is expanding much faster it is above our expectations. Scientists believe that the universe  Started by big bang. Now scientists are trying to predict how the universe will end.  Many scientists believe that our universe will end after 22billion year ago from now so now some of the scientists aren giving their theories that how the universe will be end.  After the theory of relativity proved that our time is relative and it is not same in whole universe.. Many scientists proved the big bang theory they also proved that our universe will come to end. Now we look on our some of the theori...
Read more

About wrap drive and their existence

Image
  we know that the speed of light is maximum in universe but after some research we found that the expanding of universe is maximum than speed of light. Here the concept of wrap drive come this hypothetics was introduced by John w Campbell in 1957 in his novel island of space. Generally it's a hypothetical space ecraft that help us to move faster than the speed of light for that the space craft have the ability to constrat the particles of universe. It will work by generating warp fields to from a subspace bubble that enveloped the starship. It also distort the local space time and travel faster🚀 than speed of light. But this type of space craft could not be made by our today technology. In 1994 speculate papers produced by physicist Miguel alcubrieree proved in mathematical way that we make a space craft with the concept of  warp drive.  if this Will possible then  we will know more about our universe and will able to discover exahusit matte...
Read more

ABOUT NUERALINK

Image
HOW NUERALINK IS BENIFICAL FOR US?  let's understand this with the help of example in 2017 Facebook made a project in which they made chatbots name Bob and Alice they are communicating with each other. after sometimes they made their language for communicating with each other. this was very dangerous then Facebook ultimately  stops the project. this show that Al which is in their lower stage can create their own language then in their higher stage they become very harmful for us and they can also become superior of the earth because we know that human being neural capacity is limited in brain cells  but AI has powerful neural network power and they have the ability to communicate with other Al with the speed of light. ln other side human being has  can communicate with speed of 400km/hr.if we assume that the most intelligent animal ape iq level be 55 then human being iq level is 60 and this small gap of  iq made us the most intelligent superior ...
Read more